USDJPY Daily Analysis – June 16, 2017

USDJPY broke above the descending trend line on its 4-hour chart, indicating that the bearish movement from 114.36 had completed at 108.81 already. Further rally could be expected over the next several days, and next target would be at 112.00 area. Support is at 109.70, as long as this level holds, the uptrend will continue.

USDJPY 4-hour chart